PLEASANTON, Calif.--(EON: Enhanced Online News)--Ellie
Mae® (NYSE:ELLI), a leading provider of innovative
on-demand software solutions and services for the residential mortgage
industry, announced today that it has launched a new major release of Encompass,
its all-in-one mortgage management solution. Encompass 17.2
enhancements help lenders of all sizes close more loans, shorten time to
close and ensure compliance with regulatory standards. Specifically, the
new major release of Encompass includes support for 2018 HMDA collection
and reporting changes that expand data capture related to applicants,
property and loan features. Additionally, the new major release of
Encompass offers secondary marketing enhancements and updates to
Encompass Product and Pricing Service.

“With this major release of Encompass, we’re providing the innovative
capabilities that enable our banks, credit unions and mortgage lenders
to originate and fund mortgages with complete compliance, loan quality
and efficiency”

“With this major release of Encompass, we’re providing the innovative
capabilities that enable our banks, credit unions and mortgage lenders
to originate and fund mortgages with complete compliance, loan quality
and efficiency,” said Jonathan Corr, president and CEO of Ellie Mae.
“While data collection under the new Home Mortgage Disclosure Act (HMDA)
begins in January of 2018, this release gives clients support in advance
for the new fields to provide greater time to educate, train and
prepare.”

Encompass 17.2 enhancements include:

Support for 2018 HMDA Collection and Reporting Changes

As the industry compliance leader, Ellie Mae is again taking the lead in
implementing and delivering solutions for lenders to be in compliance
with regulations impacting their business. Encompass 17.2 enables
collection of the new data set required for loans with a final
disposition in 2018 and beyond in a single system of record. A HMDA LAR
(Loan Application Register) compliant with the new guidelines published
in the CFPB rule is featured in the solution, as well as substantial
automation to reduce lender processing time and risk in creating their
reports. Also included is the optional expanded Demographic Information
Addendum.

Ellie Mae has a substantial number of tools and resources available to
help clients prepare and train internal teams on the new HMDA Reporting
Changes.

Secondary Marketing Enhancements

Criteria Based Auto-Lock: Encompass 17.2 includes new
functionality to enable more lock desk controls to mitigate risk and
reduce exposure. The new criteria based auto-lock allows for control of
which lock scenarios should not be allowed to be auto-locked.

Bulk Pricing for Trade Management: To further enhance support for
capital markets, Encompass 17.2 includes enhancements for individual
loan pricing on bulk trades for correspondent buyers and sellers. It
also supports a weighted average bulk price that can be applied to all
loans in the bulk.

Encompass Product and Pricing Service Enhancements

Encompass 17.2 introduces support for additional investor pricing,
support for Planned Unit Development (PUDs), the ability to identify
geography locations using geocoding, and support for VA maximum
guarantee to reflect the GSE conforming limits.

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